Seminar on Managing Liquidity in the Islamic Financial Services Industry

Date :

06-07 April 2011

Venue :

Istanbul Turkey

The Islamic Financial Services Board (IFSB) organised a seminar on Managing Liquidity in the Islamic Financial Services Industry. It was held on 6-7 April 2011 in Istanbul, Turkey. The Central Bank of the Republic of Turkey (CBRT) hosted the event. The Centre was represented at the seminar by Mr. Nadi Serhan Aydin, Researcher at the Centre.

Having been recorded as the third IFSB initiative addressing liquidity management issues this year, the seminar focused on existing and emerging issues in liquidity management in the Islamic financial services industry. The building blocks and infrastructure for liquidity management, along with its regulatory setting, were also examined – with particular emphasis on related case studies from various jurisdictions. The meeting further offered new insights into and prospects for a robust Islamic financial services industry.

Lack of standardization, need for innovative Islamic financial engineering and the role of central banks have been at the heart of the discussions. Turkey, Malaysia and Qatar were called on to lead the way in tackling the foregoing obstacles.